Skeena Resources Limited (TSX:SKE) has obtained positive results of the Feasibility Study (FS) for the Eskay Creek gold-silver project located in the Golden Triangle of British Columbia.
Eskay Creek 2022 FS Highlights:
- After-tax net present value (NPV) (5%) of C$1.41 billion at a base case of US$1,700 gold and US$19 silver
- Robust economics with an after-tax internal rate of return (IRR) of 50.2% and an industry leading after-tax payback on pre-production capital expenditures of 1 year
- High-grade open-pit averaging 3.87 g/t gold equivalent (AuEq) (2.99 g/t gold, 79 g/t silver) (diluted) with a strip ratio of 7.5:1
- Years 1 – 5 average annual production of 431,000 AuEq ounces, places Eskay Creek as a tier one operation
- Life of mine (LOM) production of 3.2 million AuEq ounces from 2.4 million ounces of gold and 66.7 million ounces of silver
- Estimated pre-production capital expenditures (CAPEX) of C$592 million, yielding a compelling after-tax NPV:CAPEX ratio of 2.4:1
- LOM all-in sustaining cost (AISC) of US$652/oz AuEq recovered in concentrate
- Proven and Probable open-pit mineral Reserves of 29.9 million tonnes containing 2.87 million ounces gold and 75.5 million ounces silver (combined 3.85 million AuEq oz)
- A carbon intensity of 0.20 t CO2e/oz AuEq produced, positioning Eskay Creek to be one of the lowest carbon intensity mines worldwide
“The Feasibility Study confirms the robust economics of the world-class Eskay Creek Project originally shown in the Prefeasibility Study but with improved definition.,” President, Randy Reichert, said.
“The open-pit mineable, high-grade ore combined with the existing infrastructure at the Eskay Creek site and nearby hydropower provides for an extraordinary project that can be developed by Skeena.
“While the team continues to work on optimisation of the Project, my primary focus will now shift to advancement of the permitting process as we move Eskay Creek toward construction.”
For further information please visit: https://skeenaresources.com/
